VAT – DESIGNATED ZONES IN UAE

Refer link for list of Designated Zones in UAE for purpose of UAE VAT per Cabinet Decision No 59 of 2017 on Designated Zones.

https://www.tax.gov.ae/pdf/Cabinet-Decision-No-59-of-2017-on-Designated-Zones-for-the-purposes-of-the-Federal-Decree-Law-No-8-of-2017-on-Value-Added-Tax.pdf

VAT REGISTRATION NOW OPEN

Per article from Khaleej Times dated 8th October 2017:

All businesses with a turnover exceeding AED 150m should apply for VAT registration before 31st October 2017.

All businesses with a turnover exceeding AED 10m should apply for VAT registration before 30th November 2017.

All businesses that must be registered by 1st January 2018 should submit their VAT registration applications before 4th December 2017 to minimize the risk of not being registered in time for the beginning of the new year.

UAE Excise Duty Regulations issued

Refer link   http://www.tax.gov.ae/legislation.aspx

for following regulations on Excise Duty issued by UAE

Cabinet Decision No. (37) of 2017 on the Executive Regulation of The Federal Decree-Law No (7) of 2017 on Excise Tax;

and

Cabinet Decision No. (38) of 2017 on Excise Goods, Excise Tax Rates and the Method of Calculating the Excise Price.